Market Overview

China Dimer Acid Based Polyamide Resins Market recorded a consumption of 111,951 tons in 2023 and is estimated to achieve sales of 201,571 tons by 2033 with a CAGR of 6.1% during the forecast period.

Dimer Acid-Based (DAB) Polyamide Resins are a type of polyamide resin derived from dimer acids. Dimer acids are typically obtained by dimerizing unsaturated fatty acids, often derived from natural sources such as vegetable oils. The dimerization process involves combining two molecules of unsaturated fatty acids to form a dimer acid.

             Get more in-depth information of this reports – Request Free Sample

DAB Polyamide Resins are widely used in various industrial applications due to their unique properties. These resins exhibit excellent adhesion, flexibility, and chemical resistance, making them suitable for use in coatings, adhesives, inks, and other formulations. The properties of DAB Polyamide Resins can be tailored by adjusting the composition of the dimer acids and other components during the manufacturing process.

Market Scope

Market Dynamics

The China Dimer Acid Based Polyamide Resins market is experiencing a notable surge in demand, primarily driven by the robust growth in various end-use industries. As China continues its rapid industrial and economic expansion, sectors such as construction, automotive, packaging, and textiles have witnessed increasing utilization of DAB Polyamide Resins. These resins, derived from dimerized unsaturated fatty acids, offer a versatile solution with excellent adhesion, flexibility, and chemical resistance. In the construction industry, DAB Polyamide Resins contribute to durable coatings and adhesives, while in automotive applications, their use in coatings and plastics enhances performance characteristics.

Additionally, the packaging sector benefits from these resins in formulations for inks and coatings with strong adhesion properties. The textiles industry also finds value in DAB Polyamide Resins as binders for specialty fibers and coatings, bolstering their overall performance. This demand surge is further propelled by heightened awareness of the environmental benefits associated with DAB Polyamide Resins, aligning with China's growing emphasis on sustainable and eco-friendly materials. As industries increasingly recognize the advantages offered by DAB Polyamide Resins, the market in China is poised for sustained growth, supported by technological advancements and ongoing research and development efforts to enhance product formulations and expand their applicability.

China Dimer Acid Based Polyamide Resins Segmentation

Market Analysis by Type

Based on type, China Dimer Acid Based Polyamide Resins Market is segmented into Waterborne DAB Polyamide Resins, Solvent borne DAB Polyamide Resins and High-Performance DAB Polyamide Resins.

In China, the dimer acid based polyamide resins market is experiencing significant growth, with several key trends shaping its trajectory. A prominent trend is the increasing emphasis on environmentally friendly solutions in the coatings and adhesives industries. Waterborne formulations of DAB Polyamide Resins align with this trend, offering a sustainable alternative with lower levels of volatile organic compounds (VOCs). The Chinese government's stringent environmental regulations and commitment to reducing pollution have further accelerated the adoption of waterborne resins.

Another key trend is the rising demand from the construction sector. Waterborne DAB Polyamide Resins find extensive use in construction coatings due to their excellent adhesion, durability, and low environmental impact. As urbanization and infrastructure development continue to drive the construction industry, the demand for high-performance and eco-friendly coating solutions is escalating.

Furthermore, advancements in technology and formulations play a pivotal role. Ongoing research and development efforts in China aim to enhance the performance characteristics of waterborne DAB Polyamide Resins, expanding their applicability across diverse end-use applications. The combination of these trends reflects a dynamic market landscape in China, where the shift towards waterborne formulations aligns with both environmental priorities and the evolving needs of key industries, positioning Waterborne DAB Polyamide Resins market for sustained growth.

Market Analysis by Application

Based on application, China Dimer Acid Based Polyamide Resins Market is segmented into Industrial Coatings, Packaging Materials, Printing Inks, Adhesive Formulations, Laminating Resins and Textile Binders.

The China Dimer Acid Based Polyamide Resins market is witnessing notable trends in the realm of packaging materials, driven by a confluence of factors that reflect the industry's evolving landscape. A prominent trend is the increasing demand for sustainable packaging solutions in response to growing environmental awareness. DAB Polyamide Resins, derived from natural sources, align with this trend as a eco-friendly option for formulating inks and coatings used in packaging materials. As China intensifies its efforts to curb environmental impact and promote green practices, manufacturers are turning to DAB Polyamide Resins to meet stringent sustainability requirements.

Moreover, the rise of e-commerce is shaping packaging preferences, with a growing need for durable and protective materials. DAB Polyamide Resins contribute to the production of coatings that enhance the strength and resilience of packaging materials, ensuring they can withstand the rigors of transportation and handling in the e-commerce supply chain.

The versatility of DAB Polyamide Resins allows for tailored formulations, addressing specific performance requirements in packaging applications. This adaptability positions DAB Polyamide Resins as a preferred choice in the dynamic and evolving landscape of packaging materials in China, where the intersection of sustainability, durability, and versatility is driving key trends in the industry.

Competitive Analysis

Some of the major companies operating within the China dimer acid based polyamide resins market are Anqing Hongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd, RITEKS , Shandong Lubei Chemical Technology Co., Ltd, Zibo Qixi Chemical Co., Ltd, Hebei Jingfeng Chemical Co., Ltd. , Shandong Dongda Chemical Industry Co., Ltd and others. Anqing Hongyu Chemical Co., Ltd has a total production capacity of 50,000 to 100,000 tons.

Recent News

·         On October 26, 2023, Anqing Hongyu Chemical has entered into a partnership with RITEKS to collaboratively work on the development and commercialization of environmentally friendly Dimer Acid-Based (DAB) resins using bio-based raw materials. This initiative is geared towards minimizing environmental impact and aligning with China's green initiatives, aiming to contribute to sustainable resin production.

·         On September 15, 2023, Jinan Tongfa Resin unveiled a groundbreaking high-performance DAB resin designed specifically for wind turbine blades. This innovative resin boasts exceptional weather resistance and durability, critical attributes for enhancing the longevity and efficiency of wind energy infrastructure.

·         In a significant announcement on August 8, 2023, the Chinese government introduced new support policies for domestic DAB resin manufacturers. These policies include tax breaks and research and development funding, with the objective of strengthening domestic production capabilities and reducing dependence on imports.

·         A report released on July 12, 2023, predicts substantial growth in China's DAB polyamide resins market, estimating it to reach USD 1.5 billion by 2028. This robust trajectory is attributed to increasing demand from key sectors such as construction, packaging, and automotive industries.

·         On June 5, 2023, Anqing Hongyu Chemical received accolades from environmental watchdogs for surpassing wastewater treatment standards. This recognition underscores the company's dedication to responsible manufacturing and environmental stewardship.

·         Notably, on April 20, 2023, RITEKS introduced an online platform catering to customized DAB resin solutions. This innovative platform allows customers to specify desired properties, facilitating personalized resin recommendations and streamlining the procurement process.

·         During a conference on March 10, 2023, the industry spotlighted the growing adoption of waterborne DAB resins. This trend is propelled by evolving environmental regulations and advancements in waterborne resin technology, offering performance comparable to traditional solventborne options.